FID (Credex)
“Can a Nicaraguan microfinance lender become the dominant financial operating system for consumers and merchants by embedding credit, payments, factoring, and AI-driven recovery into a single affiliated-merchant network?”
Founded2015
HQManagua, Nicaragua
FoundersMarcela Silva
IndustryFintech / Consumer lending
The story
Founded in 2015 as a store-financing microfinance operation serving 18 retail locations, FID evolved into one of Nicaragua's most influential microfinanceras. It built the Credex brand as a consumer credit and merchant-payments network spanning 1,000+ affiliated merchants. By 2025, FID had repositioned itself as a full-spectrum financial ecosystem — 'fintech ecosystem' — layering payments, FX, invoice factoring, credit cards, and an AI-driven debt-recovery platform (REDCO) on top of its lending core.
Product timeline
2015
FID founded as a point-of-sale installment financing service operating in 18 stores in Nicaragua.· lending
2023
Expanded into a full financial ecosystem (medios de pago, factoraje, divisas, tarjetas de crédito) under the FID/Credex brand, with over 1,000 affiliated merchants.· banking
2025
Launched REDCO, an AI/ML-powered portfolio recovery platform using machine learning to optimize timing, channel, and messaging for debt collection.· pivot
Regulated entities
1
regulatory licence held by FID (Credex)
Licence types, jurisdictions and registered entities are in the Embedded Finance Index report.
Same company
FID (Credex) was analysed under more than one name on the same domain, so its stack is split across these dossiers. Each was analysed independently and may name providers the others do not.
The stack
1 layer disclosed in FID (Credex)’s embedded-finance stack
Lending
Credex personal (personal installment loans)Credex comercios (merchant buy-now-pay-later / installment at point of sale)Créditos empresariales (business loans)Factoraje (invoice factoring / accounts receivable financing)
Accounting gap: none